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Hackers Steal $17M from Matcha Meta Users via SwapNet Exploit

Hackers Steal $17M from Matcha Meta Users via SwapNet Exploit

First seen 26 Jan 2026, 18:54 UTC

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ThreatCluster AI
ThreatCluster March 12, 2026 at 13:27 UTC

A hacker stole nearly $17 million in cryptocurrency from Matcha Meta users due to a security breach involving SwapNet, a decentralized exchange aggregator. The attack exploited a compromised router contract that had persistent token approvals, affecting users who disabled a key security feature. The incident was confirmed by Matcha Meta on January 25, 2026.

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